META Trade on Nov 7, 2022 10:15 from The_Trading_Apprentice: Tradervue User Stock Trades.

*Trade#: 1
*Strategy: 5-minute ORB Long.
*Stop loss: Loss of 5-minute opening range high
*Target1: 96.50
*Target2: 97
*Target3: 98
*Target4: 99
*Exit1: 95.46
*Exit2:
*Exit3:
*Exit4:
*Description- What was the result of the trade? Loss.
*Feelings- What were your feelings during the trade? Alert and ready.
*Evaluation- What was good or bad about the trade? Good: Break of the 5-minute opening range. Break of the upper LRC. Bad: The break didn't have a solid candle confirmation and I stopped out when the price action fell below the opening range. There was a daily pivot of 96.38 acting as resistance that the price action didn't break. SPY's price action started to weaken.
*Analysis- Does the trade make sense to you now that it is over? Yes.
*Conclusion- What is the final judgment of the trade? Today's trading was difficult as the overall market was volatile and choppy which may have been good for scalping, but not for long hold trades.
*Action Plan- How are you going to avoid the mistakes you made on this trade? How are you going to make sure you get the same results the next time if the trade was good? Consider the price action of the overall market, stronger candle confirmation, and any resistance and/or support levels before taking the trade.
*Trade Management:
Strategy xGo _No Go
Risk Identified xGo _No GO
Profit Targets _Go xNo Go
*Trade Execution:
Entry _Go xNo Go
Profit Targets/Stop Respected _Go xNo GO

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Execution detail:

Date/time Symbol Side Price Position
2022-11-07 10:15:49 META buy $95.980 long
2022-11-07 10:20:07 META sell $95.460 0


Comments

Gravatar drilla20099
2022-11-07 22:48:50
 

Great journal notes!!

2023-02-19 12:53:09
 

Thanks!

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